SCZONE signs $18m agreement with Turkish Ulusoy to establish yarn factory in West Qantara    Mideast infrastructure hit by advanced, 2-year cyber-espionage attack: Fortinet    US firm VXI to create 4,000 jobs in Egypt in $135m expansion    Egypt PM warns of higher oil prices from regional war after 1st Crisis Committee meeting    Egypt's Foreign Minister discusses Mideast de-escalation with China FM, EU Parliament President    Egypt sets 3-month goal to join world's top 50 in business readiness: minister    Egypt's gold prices fall for 3rd day on Wednesday    Egypt's FM holds talks with Arab counterparts over Iran-Israel escalation    Egypt's PM urges halt to Israeli military operations    UN Palestine peace conference suspended amid regional escalation    Egypt advances integrated waste management city in 10th of Ramadan with World Bank support    Egypt, Japan's JICA plan school expansion – Cabinet    Egypt's EDA, AstraZeneca discuss local manufacturing    Egypt issues nearly 20 million digital treatment approvals as health insurance digitalisation accelerates    LTRA, Rehla Rides forge public–private partnership for smart transport    EGP opens flat against USD on Monday    Sisi launches new support initiative for families of war, terrorism victims    Egypt nuclear authority: No radiation rise amid regional unrest    Grand Egyptian Museum opening delayed to Q4    Egypt delays Grand Museum opening to Q4 amid regional tensions    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's EDA joins high-level Africa-Europe medicines regulatory talks    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Middle East Pharmaceuticals to open $102mln-Factory late 2015
Sanaa Allam Published in Amwal Al Ghad on 06 - 07 - 2015

Middle East Pharmaceuticals intends to launch new factory with investment cost of EGP 800 million (US$ 102.2million) at the end of 2015, Owner and General Manager Mohamed Ghoneim said Monday.
The new factory to be established in the industrial zone in Obour City, Ghoneim told Amwal Al Ghad.
The factory will be constructed on the space of 5.200 meters and set to produce tablets, capsules, syrups, creams, balsams and antibiotics, Ghoneim clarified.
The capacity of the new factory will reach 20 million packages annually, he noted, clarifying that the firm has finished the construction works and installing the machines to finish carrying out the factory on the determined time.
The General Manager said that Middle East Pharmaceuticals targets attaining sales volume of EGP 50 million within the first year of the production.
Moreover, Ghoneim added that the company is currently registering around 80 new pharmaceuticals at the Egyptian Health Ministry by which it will have 100 pharmaceuticals in the Egyptian market.

Clic here to read the story from its source.